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20240123_BCAP_Laporan Informasi dan Fakta Material_31570820_lamp1.pdf
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Shandong Heavy Industry Group Invests 40% in MNC Leasing
Jakarta, 22 January 2024 - Shandong Heavy Industry Group (SHIG), one of the largest heavy equipment
and truck manufacturing companies in China, through its subsidiary SINOTRUK, has signed a joint
venture (JV) agreement with PT MNC Kapital Indonesia Tbk (IDX: BCAP) for ownership in one of BCAP's
subsidiaries, MNC Leasing. Therefore, SINOTRUK will own 40% of MNC Leasing, a heavy equipment and
truck financing company under MNC Group.
For its ownership in MNC Leasing, SINOTRUK will additional funding from international partners.
spend Rp274 billion, equivalent to a valuation of MNC Leasing will also gain new customers
2x Book Value, which will be divided into 20% of coming from SINOTRUK.
existing shares owned by BCAP and the issuance
After signing the agreement, the investment still
of new shares of 20%. The funds obtained from requires approval from the Financial Services
the issuance of new shares will be used to Authority (OJK), which is expected to be obtained
expand MNC Leasing's branch network, especially within the next six months.
in mining areas, to be closer to heavy equipment
business people. With the new shareholder, MNC Leasing will
change its management team. Two directors and
This JV will benefit both parties. SINOTRUK will one commissioner from SINOTRUK will join the
undoubtedly be able to strengthen its heavy team.
equipment and truck sales business in Indonesia,
where MNC Leasing will be a strategic partner in In the future, MNC Leasing will focus on active
providing financing to its customers. For MNC collaboration with heavy equipment and truck
Leasing, this investment will strengthen its capital brands under SINOTRUK, especially for financing
structure and open up opportunities to obtain to the mining sector.
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“ We envision immense potential for MNC Leasing and SINOTRUK as strategic partners to
dominate the market. This investment fuels MNC Leasing's trajectory toward becoming the
largest financing company in Indonesia, while MNC Group's unwavering commitment
”
extends to SINOTRUK, fostering collaborative significant values for sustainable growth.
- Hary Tanoesoedibjo, Executive Chairman of MNC Group
About MNC Group
Founded in 1989, PT MNC Asia Holding Tbk MNC Asset Management, financial technology
(IDX: BHIT) or MNC Group has become the leader MNC Teknologi Nusantara, and payment gateway
in four strategic investments: Media & Flash Mobile.
Entertainment, Financial Services, Entertainment MNC Land develops Special Economic Zone MNC
Hospitality, and Energy. Lido City, an integrated residential, commercial,
MNC Media & Entertainment owns 4 FTA TVs: and entertainment area of 3,000Ha in Lido,
RCTI, MNCTV, GTV, and iNews. It produced a Greater Jakarta. MNC Land also has 107Ha
more than 300,000 hours library and consistently landbank in Tanah Lot, Bali. In addition, MNC
dominates the nation’s top programming charts. Land owns Park Hyatt Jakarta, Oakwood Hotel
MNC Media & Entertainment also owns DTH- and One East Penthouse & Residences in
based Pay TV MNC Vision and K-Vision, fixed Surabaya, The Westin Resort Nusa Dua, Bali
broadband MNC Play, AVOD super-app RCTI+, International Convention Center as well as office
SVOD super-app Vision+, 6 online portals, and buildings, event venues, and coworking spaces in
manages 400 artists. Jakarta, Surabaya, and Bali.
MNC Kapital provides complete digital and MNC Energy Investments controls 8 mining
conventional financial services, including banking business permits in South Sumatra, along with
MNC Bank, financing MNC Leasing and MNC support operations from hauling roads,
Finance, securities MNC Sekuritas, insurance weighbridges, stockpiles, and crushers to coal
MNC Life and MNC Insurance, asset management ports.
About Shandong Heavy Industry Group
Shandong Heavy Industry Group (SHIG), is a Weichai Lovol Intelligent Agriculture, Shantui,
Chinese state-owned multinational heavy Lovol Construction Machinery, Zhongtong Bus,
machinery and automotive manufacturing Fast Transmission, Hande Axle, as well as
company with significant global influence, international well-known brands such as Ferretti
headquartered in Jinan, Shandong Province. in Italy, KION Group and Linde Hydraulics in
Germany, Dematic and PSI in the United States,
The Group owns well-known enterprises in China
Baudouin in France, Ballard in Canada, etc. It has
such as Weichai Power, SINOTRUK, SHACMAN,
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12 listed companies and 13 stocks, with an asset agricultural equipment, construction machinery,
securitization rate of more than 95%. intelligent logistics and marine transportation
equipment. The Group’s sales of heavy-duty
The Group has an annual revenue of more than
engines, heavy-duty transmissions and heavy-duty
500 billion yuan and a total profit of more than 20
trucks are the first in the world, the forklifts and
billion yuan with 150,000 employees worldwide.
luxury yachts of the Group are leading in the
Weichai Group ranked 22th among Chinas Top
world, and the Group’s sales of agricultural
100 multinational companies in 2023, with a
equipment and bulldozers are the first in China.
transnational index of 48.57%.
The products are sold to over 150 countries and
The Group’s main business covers six segments regions all over the world.
including power system, commercial vehicles,
For further information, please contact:
Natassha Yunita PT MNC Kapital Indonesia Tbk
Head of Investor Relations MNC Bank Tower, 21/F, MNC Center
natassha.yunita@mncgroup.com Jl. Kebon Sirih Kav 21-27, Menteng
ir.bcap@mncgroup.com Central Jakarta 10340, Indonesia
Phone : +6221 2970 9700
www.mncfinancialservices.com
DISCLAIMER
By accepting this Press Release, you agree to be bound by the restrictions set out below. Any failure to comply with these
restrictions may constitute a violation of applicable securities laws.
The information and opinions contained in this Press Release have not been independently verified, and no representation or
warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or
correctness of, the information or opinions contained here in. It is not the intention to provide, and you may not rely on this Press
Release as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs,
business prospects, properties or results of operations of The Company or its subsidiaries. The information and opinions contained
in this Press Release are provided as at the date of this presentation and are subject to change without notice. Neither The
Company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective
affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the
accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss
howsoever arising from any use of this Press Release.
In addition, the information contained in this Press Release contains projections and forward-looking statements that reflect The
Company's current views with respect to future events and financial performance. These views are based on a number of estimates
and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as
various risks and these may change over time and in many cases are outside the control of The Company and its directors. No
assurance can be given that future events will occur, that projections will be achieved, or that The Company's assumptions are
correct. Actual results may differ materially from those forecasts and projected.
This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe
for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or
investment decision in relation thereto.
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